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Stephen Nolan's bank balance continues to grow

Stephen Nolan - now worth nearly £1.5 million
Stephen Nolan - now worth nearly £1.5 million Stephen Nolan - now worth nearly £1.5 million

BBC presenter Stephen Nolan's latest accounts show he is now worth almost £1.5 million.

Accounts filed at Companies House for the year to last August for Stephen Nolan Broadcasting Ltd reveal that his total assets are valued at £1,452,846.

That compares to £1,203,779 posted for the previous accounting year.

The Radio Ulster and 5 Live star has always been tightlipped about his BBC earnings.

Despite being funded by the taxpayer, the BBC has also refused to provide details of how it pays Nolan and its other big hitters.

A self-confessed workaholic, as well as fronting the Nolan Show on Radio Ulster he travels to England every week for his Radio 5 Live programme and TV work includes Nolan Live as well as Radio Face.

He is also a partner in the Invicta Film Partnership No23 LLP, after being appointed in 2006.

The organisation invested in the blockbuster movie 'The Da Vinci Code' starring Tom Hanks, but came under the spotlight itself two years ago when some of Britain’s biggest banks, including Coutts and HSBC, were accused of promoting film investment schemes as a tax avoidance measure.

Nolan was part of a 175-strong syndicate put together by City financiers to buy the master print of the movie for £125m in a scheme designed by accountants to defer income tax payments for up to 15 years.

Film investment schemes provided tax shelters for some of Britain’s richest people, including bankers, footballers and entertainers, but the schemes were also promoted by the banks to ordinary customers, some of whom faced bankruptcy because of demands from the taxman.

Like many top-earning BBC stars, the presenter is not on the BBC's staff payroll but instead has his fees for television and radio broadcasts paid to his company, meaning he is responsible for his own tax arrangements.

But despite repeated calls for more transparency over pay, a Government White Paper unveiled last month on the corporation's future drew up short on promises to disclose 'talent pay' for those earning over £150,000.

Describing the reforms as "the biggest for 90 years", Westminster Culture Secretary John Whittingdale said the threshold for publishing names and salaries would instead be set at £450,000.

Nolan, from Belfast, has never hidden his desire for success. He’s on record as saying: "I started off with nothing and you know what I’m trying to do? I’m trying to be successful as I can."